UK-INVESTMENT-UPDATE

							FACTORS & DISCOUNTERS ASSOCIATION QUARTERLY STATISTICS TO SEPTEMBER 2003

No part of this information may be reproduced, photocopied, stored in an electronic retrieval system or transmitted expect by members of the FDA or by others with the specific consent of the Factors & Discounters Association.

FDA STATISTICS Factors & Discounters Association
SEPTEMBER 2003

CONTENTS
Page List of contributors Executive summary – aggregate figures Period end balances analysed by client turnover – aggregate figures 1

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Aggregate figures for members in the Republic of Ireland

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No part of this information may be reproduced, photocopied, stored in an electronic retrieval system or transmitted expect by members of the FDA or by others with the specific consent of the Factors & Discounters Association.

FDA STATISTICS Factors & Discounters Association CONTRIBUTORS
The members listed below contributed data for the period to September 2003:
SEPTEMBER 2003

A Abbey Business Cashflow Finance Ltd AIB Commercial Services Ltd Anglo Irish Bank Aston Rothbury Factors Ltd

H, I HSBC Invoice Finance (UK) Ltd Independent Growth Finance

B Bank of America, NA Bank of Ireland Commercial Finance, Belfast Bank of Ireland Commercial Finance, Dublin Bank of Scotland Cashflow Finance Bank of Scotland (Ireland) Commercial Finance Barclays Bank Plc, Sales Financing Bibby Group of Factors Ltd Burdale Financial Ltd

L, M Lloyds TSB Commercial Finance Ltd London Scottish Invoice Finance Ltd Metropolitan Factors Ltd

C Cashflow Partners Ltd Cattles Invoice Finance Ltd City Invoice Finance Ltd Close Invoice Finance Ltd

N National Australia Group Europe Ltd NMB-Heller Ltd

D, E DCD Factors Plc Enterprise Finance Europe Eurofactor (UK) Ltd

R, S RDM Factors Ltd Regency Factors Plc Skipton Business Finance Ltd SME Invoice Finance Ltd

F First Trust Bank Five Arrows Commercial Finance Ltd Fortis Commercial Finance Ltd

T The Royal Bank of Scotland Commercial Services Ltd Transamerica Distribution Finance Ltd

G GE Capital Commercial Finance Ltd GE Commercial Distribution Finance (CFD) GMAC Commercial Finance plc

U, V Ulster Bank Commercial Services, Dublin Ulster Bank Commercial Services (NI) Ltd Venture Finance Plc

No part of this information may be reproduced, photocopied, stored in an electronic retrieval system or transmitted expect by members of the FDA or by others with the specific consent of the Factors & Discounters Association.

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FDA STATISTICS Factors & Discounters Association EXECUTIVE SUMMARY
The statistics below represent the aggregate of all those members contributing data. Please note certain members may have contributed clients’ sales data but not period end data and vice versa.
CLIENTS’ SALES VOLUMES (£M) (All products)

SEPTEMBER 2003

Quarter ended … Sep 03 Sep 02 4,455 21,441 240 567 175
% Change

Year-to-date … Sep 03 12,952 68,433 802 2,004 533 Sep 02 12,647 60,622 693 1,683 518
% Change

Domestic factoring Domestic invoice discounting Export factoring Export invoice discounting Import factoring Total clients’ sales Non recourse included in total above Credit protection payments to clients

4,466 24,136 299 783 184

0% 13% 25% 38% 5%

2% 13% 16% 19% 3%

29,868 3,051 3.9

26,878 2,941 3.3

11% 4% 18%

84,724 8,679 10.4

76,163 8,372 11.8

11% 4% -12%

BALANCES AT PERIOD END (£M) (All products)

Balances as at the end of … Sep 03 Sep 02 7,779 15,843 446 % Change 9% 9% -1%

Advances Debtor outstandings Other trading assets

8,494 17,234 440

NUMBER OF CLIENTS AT PERIOD END (UNITS) (All products)

Number of clients as at the end of … Sep 03 Sep 02 17,421 12,019 1,982 1,601 33,023 % Change 3% 12% 9% 16% 7%

Domestic factoring Domestic invoice discounting Export and mixed export + domestic Import Total number of clients

17,981 13,478 2,165 1,850 35,474

No part of this information may be reproduced, photocopied, stored in an electronic retrieval system or transmitted expect by members of the FDA or by others with the specific consent of the Factors & Discounters Association.

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FDA STATISTICS Factors & Discounters Association Analysis of advances and client numbers by size of client turnover
Client annual turnover bands Number of clients at the quarter end Advanced (quarter end balance £m)
SEPTEMBER 2003

£0 - £500,000 £500,001- £1,000,000 £1,000,001 - £5,000,000 £5,000,001 - £10,000,000 Over £10,000,000

14,429 6,070 10,695 2,431 1,849

419 471 2,341 1,299 3,964

Total

35,474

8,494

No part of this information may be reproduced, photocopied, stored in an electronic retrieval system or transmitted expect by members of the FDA or by others with the specific consent of the Factors & Discounters Association.

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FDA STATISTICS Factors & Discounters Association
SEPTEMBER 2003

AGGREGATE RESULTS OF THE MEMBERS IN THE REPUBLIC OF IRELAND In the following tables figures are quoted in euros.
CLIENTS’ SALES VOLUMES (€M) (All products)

Quarter ended … Sep 03 Sep 02 2,125
% Change

Year-to-date … Sep 03 6,926 Sep 02 6,244
% Change

Total clients’ sales

2,489

17%

11%

BALANCES AT PERIOD END (€M) (All products)

Balances as at the end of … Sep 03 Sep 02 574 1,434 % Change 23% 16%

Advances Debtor outstandings

704 1,670

NUMBER OF CLIENTS AT PERIOD END (UNITS) (All products)

Number of clients as at the end of … Sep 03 Sep 02 1,402 % Change 20%

Total number of clients

1,679

Analysis of advances and client numbers by size of client turnover
Client annual turnover bands Number of clients at the quarter end 73 288 702 431 185 Advanced (quarter end balance €m) 6 21 186 189 302

£0 - £500,000 £500,001- £1,000,000 £1,000,001 - £5,000,000 £5,000,001 - £10,000,000 Over £10,000,000

Total

1,679

704

The group comprises of: AIB Commercial Services Ltd; Anglo Irish Bank; Bank of Ireland Commercial Finance, Dublin; Bank of Scotland (Ireland) Commercial Finance; Ulster Bank Commercial Services, Dublin.

No part of this information may be reproduced, photocopied, stored in an electronic retrieval system or transmitted expect by members of the FDA or by others with the specific consent of the Factors & Discounters Association.

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